Bitcoin’s March Gains Just Flipped Red After Dip Below $67,000 – On Track For Rare Six-Month Losing Streak

• Bitcoin’s price fell more than 4% in the past 24 hours, trading near $66,400 after dropping below $67,000.
• CoinGlass data showed that Bitcoin's March returns turned negative, putting it on track for a rare six-month losing streak.
• The broader crypto market slid below $2.4 trillion, triggering more than $450 million in liquidations.

Bitcoin (BTC) fell below $67,000 on Friday morning, pushing March returns into the red and putting it on track for a rare six-month losing streak.

Bitcoin’s price tanked more than 4% the last 24 hours to around $66,400. Retail sentiment on Stocktwits around the apex cryptocurrency dropped to ‘extremely bearish’ from ‘bearish’ over the past day, with chatter at ‘low’ levels. 

According to CoinGlass data, Bitcoin’s returns for March are now down 0.53%. If the apex cryptocurrency continues to trend lower, this will be the second time in history that Bitcoin has recorded 6 consecutive months in the red. The last time was from August 2018 to January 2019, dubbed once one of the most brutal crypto winters the market has seen. 

Crypto Liquidations Top $450 Million In 24 Hours

The drop in Bitcoin’s price and the overall cryptocurrency market falling below $2.4 trillion triggered over $450 million liquidations, with $400 million in long bets wiped out over the last 24 hours. Bitcoin led the liquidation wave with $183 million of forced unwinds, followed by Ethereum (ETH) at $124 million. 

Among the top 10 cryptocurrencies by market capitalization, Solana (SOL) and Cardano (ADA) took a bigger hit than Bitcoin. Solana’s price dropped more than 5% to around $83 while Cardano’s price fell 4.5% to around $0.24. On Stocktwits, retail sentiment around both altcoins trended in ‘bearish’ territory but chatter around Solana was at ‘high’ levels while chatter around Cardano stayed at ‘normal’ levels. 

Ethereum’s price fell at par with Bitcoin, down 4.1% in the last 24 hours to $1,985 – falling below the psychological support level of $2,000. Retail sentiment on Stocktwits around ETH also trended in the ‘bearish’ zone over the past day. Message volume remained at ‘normal’ levels.

Geopolitical Risks Shape Crypto Market Positioning

“Crypto markets are reflecting geopolitical uncertainty primarily through derivatives positioning,” Aurelie Barthere, Principal Research Analyst at Nansen, told Stocktwits over email. “Bitcoin’s call-put skew continues to oscillate with headlines around a potential Iran–US deal versus escalation risk, but remains in negative territory, indicating persistent demand for downside hedging.”

Barthere noted that the near-term outlook will likely depend on whether negotiations move toward a credible framework. Progress toward a deal, potentially involving broader international mediation, could help stabilize energy markets and reduce hedging demand. Conversely, she said renewed escalation could reinforce defensive positioning, with capital remaining concentrated in lower-volatility and yield-focused strategies. 

This is also the first time that Bitcoin ended a post-halving year in the red and saw consecutive losses in both January and February. 

Read also: Nvidia, CEO Jensen Huang Face Certified Class Action Lawsuit Over Alleged $1B Crypto Revenue Misstatements

For updates and corrections, email newsroom[at]stocktwits[dot]com.